What the stock market tells us about the consequences of COVID-19 (VOX)

The novel coronavirus represents a fearsome risk which is stirring feverish behaviour by investors worldwide. This columns shows that initially, economic expectations about international trade underlay movements in the stock prices of individual firms; later, concerns about corporate debt began to play a role.

https://voxeu.org/article/what-stock-market-tells-us-about-consequences-covid-19

Stefano Ramelli, Alexander Wagner

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